Five in Ten 12/14/22: Crypto Confusion

Former FTX CEO Sam Bankman-Fried was arrested just before he was to testify to Congress. Meanwhile, the DOJ may prosecute rival cryptocurrency exchange Binance for money laundering. All this as the New York Fed tests its own digital currency.

5) Sam Bankman-Fried arrested before he can testify to Congress; 4) Binance may be next cryptocurrency exchange to fail; 3) Growing tensions between China and India, Taiwan; 2) Largest surge of migrants yet crosses into El Paso; 1) Japanese researchers discover that compound in coffee increases efficiency of organic semiconductors.